The analysis of the big pancake and the second pancake's morning thoughts
Currently, the big pancake's trend appears weak, but in reality, it shows resilience at key levels. In the four-hour K-line chart, the candlesticks with long lower shadows are a sign of bulls successfully fending off bear attacks. On the hourly chart, the price quickly rebounded after touching 90822, highlighting that the support area below is a solid defense line for the bulls.
The bears have failed to increase their downward momentum here, indicating a reduction in their energy, and the market's selling pressure has eased. This pullback seems more like a healthy correction of the previous rise, aimed at cleaning out floating positions, rather than a trend reversal. As long as the key level of 90800 is not broken by a solid decline, the market structure is still in the process of repair and consolidation, and the upward trend remains unchanged.
Currently, the market presents a 'weak rebound' situation; although the rebound is slow and repetitive, it lays the groundwork for future increases. This indicates that market sentiment is recovering from panic, and the bulls' confidence is gradually being rebuilt at lower levels. The more thorough the consolidation, the stronger the foundation for future upward breakthroughs.
In summary, a positive attitude can be held for the future market. The market is in a 'building up' phase; after holding the key support, each pullback is an opportunity for the bulls to gather strength. There is still room for rebound; although the road is winding, the direction has tilted towards upward repair. At this time, patience and holding onto key levels are crucial.
Operational suggestions
• The big pancake can be bought around 91500, targeting 93500.
• The second pancake can be bought around 3110, targeting 3200.
